Ostroff, Fair and Company
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Finance loan?



i notice alot of advertisement on Hassle free fast loan in the weekends newspaper. without any minimum requirements. is it true? - singapore

This is call "marketing". In fact, they have various packages, such as: Study loan - they lend you an amount said S$8000, for your so call "study loan". After you got your cert, you will have to pay them back the school fee, plus the loan. Loan with CPF - This is actually using your CPF to buy a HDB flat. Instalement loan - You buy a good (usually appliciant like laptop) from a department store by instalment, they will buy from you the good as a lower price, and you just conutinue paying the instalement. Of course, there are still many other packages.

But, in general, you will ended pay more than 100% of the loan that you taken up. Get a loan from a Banks or legal finance institute if you need to. This so called "legal loan without requirement" really not worth taking.
There is a always going to be a requirement. That is just a way for them to get you into the door. They are going to run your credit report to see if you pay your bills and how big of a risk they would be taking. I would tend to stay away from these types of loans, since they usually have very high interest rates.
Beware of Advance fee Loan scams.
Beware of Advance fee Loan scams.

http://www.ftc.gov/bcp/conline/pubs/tmar...
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